Savings & Money Market

Savings Accounts Savings Plus Interest Earners
(Available through age 18)
Money Market Christmas Club
Minimum Opening Deposit $50 $10 $50 None
Transaction Limit 6 withdrawals per calendar quarter, $3 per withdrawal over 6. See further detail for restrictions. 6 withdrawals per calendar quarter, $3 per withdrawal over 6. See further detail for restrictions. 6 withdrawals per statement cycle, $3 per withdrawal over 6. See further detail for restrictions. No withdrawals. See further detail for restrictions.
Minimum ledger balance needed to avoid Service Charge $50/quarterly $10/quarterly $2,500/monthly None
Service Charge If below minimum ledger balance on any day of the quarter - $8 If below minimum ledger balance on any day of the quarter - $8  If below minimum ledger balance on any day of the statement cycle - $10 None (No early withdrawal. $5 fee to close early.)

 

Savings Plus

One simple account to meet all your savings needs.

  • Minimum ledger balance requirement to avoid a service charge - $50
  • Below required minimum ledger balance on any day of the quarter - $8 quarterly service charge
  • Six (6) withdrawals per calendar quarter*; in excess of six (6) - $3 fee per excessive withdrawal
  • Interest rate varies based on average daily available balance
  • Interest rate tiers:
    • $0.01 - $4,999.99
    • $5,000 - $9,999.99
    • $10,000 and above

*Federal regulations limit the number of withdrawals and/or transfers that may be made from a savings account by telephone/PC transfer, pre-authorized transfer, check or debit card. You are limited to six withdrawals and/or transfers from your savings account each statement cycle or calendar month by pre-authorized transfer or telephone/PC transfer, including bill payments, and, if the account permits, transfers by check or debit card.  

Combined Statement Explanation. If your savings account statement is combined with your checking account statement, you are limited to no more than six (6) withdrawals per statement cycle. If you receive your savings account statement quarterly, you are limited to no more than six (6) withdrawals per calendar month. You may make six (6) withdrawals from your account each calendar quarter with no fee; withdrawals exceeding the six (6), including electronic withdrawals, will be subject to a $3.00 excessive withdrawal fee.

Interest Earners

Designed for our youngest savers; available through 18th birthday. Account converts to Savings Plus thereafter.

  • Minimum required to open - $10
  • Minimum ledger balance requirement to avoid a service charge - $10
  • Below required minimum on any day of the statement cycle - $8 quarterly service charge
  • Six (6) withdrawals per calendar quarter*; in excess of six (6) - $3 fee per excessive withdrawal

*Federal regulations limit the number of withdrawals and/or transfers that may be made from a savings account by telephone/PC transfer, pre-authorized transfer, check or debit card. You are limited to six withdrawals and/or transfers from your savings account each statement cycle or calendar month by pre-authorized transfer or telephone/PC transfer, including bill payments, and, if the account permits, transfers by check or debit card.  

Combined Statement Explanation. If your savings account statement is combined with your checking account statement, you are limited to no more than six (6) withdrawals per statement cycle. If you receive your savings account statement quarterly, you are limited to no more than six (6) withdrawals per calendar month. You may make six (6) withdrawals from your account each calendar quarter with no fee; withdrawals exceeding the six (6), including electronic withdrawals, will be subject to a $3.00 excessive withdrawal fee.

Money Market

Offers the opportunity to earn higher interest rates based on your balance

  • Minimum ledger balance requirement to avoid a service charge - $2,500
  • Below required minimum ledger balance on any day of the statement cycle - $10 monthly service charge
  • Six (6) withdrawals per statement cycle*; in excess of six (6) - $3 fee per excessive withdrawal
  • Interest rate varies based on average daily available balance
  • Interest rate tiers:
    • $0.01 - $24,999.99
    • $25,000 - $49,999.99
    • $50,000 - $99,999.99
    • $100,000 and above

*Federal regulations limit the number of withdrawals and/or transfers that may be made from a savings account by telephone/PC transfer, pre-authorized transfer, check or debit card. You are limited to six withdrawals and/or transfers from your savings account each statement cycle or calendar month by pre-authorized transfer or telephone/PC transfer, including bill payments, and, if the account permits, transfers by check or debit card.

Christmas Club

An easy way to prepare for Christmas or any other special purposes each year; club term – first business day of October through last business day of September.

  • Minimum required to open - $0
  • No minimum balance requirement
  • No withdrawals during club term - withdrawal requests require the account to be closed, interest forfeited and a $5 early closure fee
  • Simple interest credited annually
  • Balance credited annually to checking or savings account

Certificates of Deposit & IRAs

Reach your goals faster with United Bank's Certificates of Deposit and IRAs. Our CDs and IRAs are investment options that have terms from 32 days to 10 years. Fixed rate and variable options are availabile. Invest in your future – we’re here to help.

There are possible tax consequences for IRA withdrawals prior to age 591/2. Please consult a professional tax consultant for advice. 

Penalties for early withdrawal on Certificate of Deposits can occur.